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GOP Lawmakers Ask SEC To Kill Crypto Accounting Bulletin

By Al Barbarino (July 21, 2022, 6:27 PM EDT) -- Four House Republicans sent a letter to the U.S. Securities and Exchange Commission asking the agency to scrap a bulletin that advises companies to treat crypto assets held custodially as balance sheet liabilities, warning that the change would make custody of the assets by banks "economically infeasible."...

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